China: Coke deal anti-consumer

Link to the article: Reuters Video

(01:07) Report

Mar 25 - China says it rejected Coca-Cola's bid for juice maker Huiyuan because it feared the firm could deter competitors to the detriment of consumers.

The government feared Coca-Cola, which controls over 60 percent of the Chinese soft drinks market, would transfer its dominance into the juice beverage sector and stamp out competition.

Stefanie McIntyre reports